Business Bank Accounts

Help your company grow by choosing the right business bank account to suit your business needs. Whether you're looking for your first business bank account or want to switch from your current provider, you can compare business current accounts available from the major high street banks and online providers in the tables below.

Compare business accounts for startups

  •  
  • Maximum Interest
    (AER)
  • Free Banking
    Duration
  • Overdraft
    Facility
  •  
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 18 months*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • *Free banking for 18 months is available for businesses with an annual turnover not exceeding £2,000,000. Subject to status and applicable terms and conditions.
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • *Offer applies to Start Ups opening first account within 12 months of beginning trading. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • *Offer applies to Start Ups opening first account within 12 months of beginning trading. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    none
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • Low cost - no monthly fees, just one low annual fee of £69
    • Free to pay in cash and receive Bank Transfers
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    none
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 1 year*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • Free CREDITFOCUS classic - a service to help you recover and reduce late payments and bad debts
    • Free consultations with an accountant, marketing professional and solicitor for expert advice in your crucial first months
    • *Free banking offer available for small businesses, including individuals setting up their first business bank account within the first 12 months of trading. There is no charge for standard transactions including most payments out (debits) and payments in (credits).

Compare business accounts for switchers

  •  
  • Maximum Interest
    (AER)
  • Free Banking
    Duration
  • Overdraft
    Facility
  •  
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 12 months*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • *Free banking for 12 months is available for businesses with an annual turnover not exceeding £500,000. Subject to status and applicable terms and conditions.
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • *Offer applies to new Small Business Banking customers with a turnover of less that £2 million switching their main business current account. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • *Offer applies to new Small Business Banking customers with a turnover of less that £2 million switching their main business current account. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    none
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • Low cost - no monthly fees, just one low annual fee of £69
    • Free to pay in cash and receive Bank Transfers
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    none
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)

Compare business accounts with no credit checks

  •  
  • Maximum Interest
    (AER)
  • Free Banking
    Duration
  • Overdraft
    Facility
  •  
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    none
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • Low cost - no monthly fees, just one low annual fee of £69
    • Free to pay in cash and receive Bank Transfers
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    none
  • Overdraft Facility
  • ^ Back to top
  • Product Features
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements.

More about business current accounts

If you run your own business, you could probably benefit from opening a specialist, dedicated current account for your company. Offered through all of the usual banks and building societies such as Barclays, Lloyds, Natwest, Santander and more along with specialist providers, business bank accounts offer debit cards, overdraft facilities, cheque books and automated payments such as direct debits and standing orders, just like a personal account does.

Over and above this, a business bank account usually offers a range of additional benefits. These can include change facilities, the option of a much higher overdraft, access to business guides and training materials, the use of communal meeting rooms and business-class travel facilities, foreign exchange rate discounts, fast international payments and insurance.

Although there is no legal obligation for companies to hold an actual business bank account, it is vital that the business's monetary affairs are kept separate from personal ones. However, if you are a start-up company or you work as a sole trader and do not think you need any of the additional benefits that a business account offers, a separate personal account will suffice.

Anybody that runs a company of any size is usually eligible to apply for a business bank account, though credit rating restrictions will apply. Some banks provide different accounts depending on the size or type of the business.

The most basic business banking accounts are free. For anything more complicated you'll pay either a flat monthly fee, pay-as-you-go by the transaction or a mixture of both.

Click here to find out more about business bank accounts with Know Your Money's guide.

Helpful links for current account issues

Financial Conduct Authority (FCA) - The UK financial regulator's website features lots of useful information for banking customers covering everything from knowing your rights to how to stop unauthorised payments.

Financial Service Compensation Scheme (FSCS) - The FSCS is the best place to find out if your bank is covered by the compensation scheme and for advice on making a claim.

Financial Ombudsman Service - If you've complained to your bank and are still having ongoing problems then the Financial Ombudsman is the next step - their website covers everything you need to know about making a complaint.

Money Advice Service - The government's Money Advice Service provides unbiased advice on choosing, opening and managing a current account.

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